WeVote
Log In

Bill

Bill

S 2473

Federal Firefighters Families First Act

119th Congress Introduced by Ruben Gallego and 1 co-sponsor

Bill S 2473 offers a tax credit to businesses creating jobs in sectors that improve air quality, promoting economic growth and cleaner air for communities.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 2473

Summary of Bill S 2473: Establishes the Fresh Air Jobs Tax Credit

Purpose and Intent

Bill S 2473 aims to establish a tax credit designed to incentivize job creation in sectors that contribute to environmental sustainability and air quality improvement. The primary goal of this legislation is to promote economic growth while addressing environmental concerns, particularly air pollution.

Key Provisions

  • Tax Credit Establishment: The bill proposes a new tax credit for businesses that create jobs specifically in industries focused on reducing air pollution and enhancing air quality.
  • Eligibility Criteria: To qualify for the tax credit, businesses must demonstrate that their operations directly contribute to improving air quality. This may include sectors such as renewable energy, public transportation, and environmental technology.
  • Credit Amount: While the specific dollar amount of the tax credit is not detailed in the current version, it is expected to provide significant financial relief to eligible businesses, encouraging them to expand their workforce.
  • Application Process: The bill outlines a streamlined application process for businesses seeking to claim the tax credit, ensuring accessibility and clarity in the requirements.

Affected Parties

  • Businesses: The primary beneficiaries of this tax credit will be companies operating in environmentally friendly sectors that are looking to expand their workforce.
  • Employees: The bill is expected to create new job opportunities for individuals in industries focused on sustainability and air quality improvement.
  • Communities: By promoting cleaner air through job creation in relevant sectors, communities will benefit from improved public health and environmental conditions.

Procedural Aspects

  • Introduced Date: The bill was introduced on January 21, 2025.
  • Current Status: As of now, the bill has been referred to the Budget and Revenue Committee for further consideration.
  • Related Legislation: This bill is related to S 8476 from the prior session, which may provide context or additional provisions relevant to the current proposal.

Conclusion

Bill S 2473 represents a proactive approach to fostering job creation while addressing critical environmental issues. By providing tax incentives for businesses that contribute to cleaner air, the legislation seeks to balance economic development with environmental stewardship. As the bill progresses through the legislative process, further details regarding the tax credit's specifics and implementation will likely emerge.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.